RFK Jr. Pays Lip Service to the Debt While Pushing Policies That Would Increase It
It's good to hear a candidate actually talk about our spending problem. But his campaign promises would exacerbate it.
It's good to hear a candidate actually talk about our spending problem. But his campaign promises would exacerbate it.
Reason's Emma Camp attended the Republican National Convention to ask attendees if they still believe in the power of free markets.
We asked delegates at the Republican National Convention whether a second Trump term would address America's debt problem.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
Those three presidential candidates are making promises that would have bewildered and horrified the Founding Fathers.
Ending U.S. aid would give Washington less leverage in the Middle East. That's why it's worth doing.
We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.
Plus: A listener asks the editors about the Selective Service.
The Selective Service should be abolished, not made more efficient and equitable.
Ending U.S. aid would give Washington less leverage in the Middle East. That's why it's worth doing.
Plus: A listener asks the editors about President Joe Biden holding up arms shipments to Israel.
President Biden is holding up a shipment of 3,500 bombs to Israel, after months of resisting any conditions on U.S. aid to Israel.
Plus: A listener asks the editors to steel man the case for the Jones Act, an antiquated law that regulates maritime commerce in U.S. waters.
House Speaker Mike Johnson worked with President Biden to push through a $95 billion foreign military aid package—most of which goes to the American military-industrial complex.
Increased spending does not automatically equate to higher quality—something that is often lost in this debate.
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
"I'm concerned about a Trump-Biden rematch," argues Riedl. "You have two presidents with two of the worst fiscal records of the past 100 years."
It's just one reason the program should likely be terminated altogether.
The Senate's $95 billion aid bill would only throw more good money after bad.
It’s true that the U.S. pays too much of the continent’s defense bills even as it’s going broke.
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
Section 702 will continue until April, when Congress will have another shot at seriously reforming a program that desperately needs it.
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Though federal law has required annual financial reports, the Department of Defense simply did not complete them until 2018. It has since failed each year.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
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Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
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Plus: A listener asks for the editors’ advice on how to spend his money.
America’s biggest fiscal challenge lies in the unchecked growth of federal health care and old-age entitlement programs.
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.
Should the U.S. continue to bankroll the counteroffensive?
Since Congress designed and implemented the last budget process in 1974, only on four occasions have all of the appropriations bills for discretionary spending been passed on time.
Washington is doing a poor job of monitoring whether the weapons it sends to Ukraine are ending up in the right hands.
Progressive Democrats' opposition to sending cluster bombs to Ukraine is welcome. Their arguments apply to much of the military aid the U.S. is sending the country.
Projections of huge savings are making the rounds. Nothing could be further from the truth.
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The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.
The Pentagon’s “accounting error” will allow President Joe Biden to send an extra $3 billion in military aid to Ukraine without congressional approval. Was this deliberate?
Does Ukraine face an existential risk? Does it matter?
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
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Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.